Dealoka Announced Series A Funding from SB ISAT Fund
Ideabox alumnus Dealoka sealed an undisclosed Series A funding from SB ISAT Fund. The startup becomes the very first entity that gets funded by SB ISAT Fund since the VC was introduced eight months ago. SB ISAT Fund manages $50 million which is rooted from a collaboration between SoftBank Japan and Indosat and aimed to facilitate the growth of startups in Indonesia that focus on e-commerce, digital and social media, and mobile finance services.
Dealoka is a marketing platform which never stops attempting to “restore” the way deals promotion are done through location-based services. Since its launching back in June last year, Dealoka, which is available for iOS and Android, has been downloaded for more than 35.000 times.
According to Indosat, Dealoka is Indosat’s tech partner for the acquisition of new customers as well as the company’s points and digital vouchers exchanger. Dealoka has partnered with blitzmegaplex, Wendy, and Baskin Robbins. Through its partnership with Giant, Bakerzin, and Share Tea, Dealoka is also Indosat’s platform for loyalty division development.
“Indosat commits to establish the most powerful digital ecosystem in Indonesia. We can facilitate and support companies which are in their growing phase by initiating a number of events and programs, starting from IWIC idea competition, Ideabox, and SB ISAT Fund. SB ISAT Fund’s investement at Dealoka affirms our long-term commitment for startups in Indonesia,” Indosat’s Group Head Digital Business and Commercial Development Tauseef Riaz stated in his press release.
Sidnei Budiman, Dealoka’s Co-Founder, added by saying, “We are glad to collaborate with SB ISAT , since they are really experienced in cellular and digital marketing. As Alibaba, to whom SoftBank previously invested, that has become the marketing giant for Chinese merchants, we aim to empower Indonesian merchants so that they may reach the right consumers at the right time through the right message. We want our partnering merchants to be the leader of this digital era.”
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